Yesterday, the Naira experienced a depreciation against the dollar in the parallel market, dropping from N1,235 to N1,240 per dollar.
Simultaneously, in the Nigerian Foreign Exchange Market (NAFEM), the Naira strengthened to N895.23 per dollar, widening the gap between the official and parallel market rates to N344.77 per dollar from N199.88 per dollar on Wednesday.
According to FMDQ data, the indicative exchange rate in the NAFEM declined to N895.23 per dollar from Wednesday’s N1,035.12 per dollar, indicating a Naira appreciation of N139.77.
…………
Note : To submit Press Releases, Statements, and Advert Inquiries for publication on Waffi blog (website) or Television 📺, please use the following contact details: You can send an email to info@waffitv.com or reach us via Whatsapp at 07068286500
